TOKYO -- Nissan Motor and Renault announced on Wednesday that they have signed a final agreement over the review of their capital relationship. Renault's stake in Nissan will be reduced to 15% from 43%, the same level as Nissan's stake in the French automaker. Nissan has also decided to invest up to 600 million euros ($660 million) in a new electric vehicle company to be established by Renault.
Nissan-Renault alliance
Nissan agrees to invest up to $660m in Renault's new EV maker
Companies finalize revisions to capital relationship after delayed negotiations
Renault's stake in Nissan will be reduced to 15% from 43%, equal to Nissan's stake in the French automaker.
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